Updated Two-Unit
For Sale
$129,900
239 Station Ave, Ridgecrest, CA 93555
Two studio residences with recent improvements, separate electric and gas service, and a fenced outdoor area.
Property Size800 SF
Price / SF$162.38
Days on Market60
Property Features for 239 Station Ave
General Information
Standard status
Active
Size
800 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
2 x studio
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
washer/dryer hookups
fenced yard
Building Details
Tenancy
Multi
Listing Agency:
TNT Western Homes Inc.
(760) 384-0000
Listed By:
Sara Rizzardini · License #01460361
(760) 382-9515
Source:
Exprealty
Added: Aug 19
Changed: Oct 3
Last Checked: Oct 16 at 2:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TNT Western Homes Inc.
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Investment Insights
Based on property information with market context.
This duplex contains two separate studio units within an approximately 800-square-foot property. The front residence received a kitchen renovation in 2021, including cabinets, countertops, appliances, and new flooring in the kitchen and living area. Its refrigerator was replaced in September 2024, and the bathroom was remodeled in 2025. Both units have washer and dryer hookups designed for stacked appliances, while the roof serving both units was replaced in 2024.
The property also includes a small fenced yard and a third structure currently used for storage. One water meter serves the property, with separate electric and gas meters. Both residences are occupied under month-to-month leases, and the current tenants have expressed interest in remaining long term. The property is located at 239 Station Ave in Ridgecrest, California. Offers are contingent on an interior inspection, and tenant privacy is requested.
The property also includes a small fenced yard and a third structure currently used for storage. One water meter serves the property, with separate electric and gas meters. Both residences are occupied under month-to-month leases, and the current tenants have expressed interest in remaining long term. The property is located at 239 Station Ave in Ridgecrest, California. Offers are contingent on an interior inspection, and tenant privacy is requested.
Key Highlights
- Two separate studio units on an approximately 800‑square‑foot property
- Roof serving both units replaced in 2024
- Front unit kitchen updated in 2021; bathroom remodeled in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,985
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$199,700
$199.7K
Cap Rate 7%
$142,643
$142.6K
Cap Rate 9%
$110,944
$110.9K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$14.7K $18.36/SF
− Vacancy
−$423 −$0.53/SF
EGI
$14.3K $17.83/SF
− OpEx
−$4.3K −$5.35/SF
NOI
$10.0K $12.48/SF
Area
Kern County, CA
Vacancy
2.88%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$199,700
Cap Rate 7%
$142,643
Cap Rate 9%
$110,944
Alternative Uses
Best Use
Multifamily LT 5
$142.6K
$124.8K – $166.4K
NOI $9,985 @ 7.0% cap · market cap 7.69%
Second Best
Apartment 5plus
$131.7K
$115.2K – $153.6K
NOI $9,216 @ 7.0% cap · market cap 7.09%
Theoretical Best
Warehouse
$170.9K
$149.5K – $199.4K
NOI $11,963 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
701
Businesses Nearby
Explore this area
Business Placement
Demographics for 93555, CA
32,810
Population
14,401
Households
2.3
Avg Household Size
37
Median Age
31%
College-Educated
91%
High-School Grad
78.1 sq mi
ZIP Area
420
Density / Sq Mi
$84,141
Median Household Income
$50,198
Median Earnings
$1,180
Median Rent
$235,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two studio residences with recent improvements, separate electric and gas service, and a fenced outdoor area.
Where is this duplex located?
The property is located at 239 Station Ave Ridgecrest, CA.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: Two separate studio units on an approximately 800‑square‑foot property; Roof serving both units replaced in 2024; Front unit kitchen updated in 2021; bathroom remodeled in 2025
